InvestorQ : Is there any way by which a customer can come to know quickly whether a fraudulent transaction has taken place using his/her card?
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Is there any way by which a customer can come to know quickly whether a fraudulent transaction has taken place using his/her card?

Answer
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1 year ago
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India’s central bank- the Reserve Bank of India, has been taking various steps to ensure that the card payment environment in the country is safe and secure.

The central bank has mandated banks to send online alerts for all card transactions so that a card holder is aware of transactions taking place on his / her card. Furthermore, in order to benefit from it, all cardholders are advised to register for SMS/e-mail alerts.

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